Shufro Rose & Co. LLC Sells 12,300 Shares of Putnam Premier Income Trust (NYSE:PPT)

Shufro Rose & Co. LLC decreased its holdings in Putnam Premier Income Trust (NYSE:PPT – Get Rating) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,500 shares of the investment management company’s stock after selling 12,300 shares during the period. Shufro Rose & Co. LLC’s holdings in Putnam Premier Income Trust were worth $664,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PPT. Commonwealth Equity Services LLC boosted its stake in shares of Putnam Premier Income Trust by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 335,484 shares of the investment management company’s stock worth $1,432,000 after acquiring an additional 9,046 shares during the period. CWM LLC bought a new position in shares of Putnam Premier Income Trust in the fourth quarter worth about $77,000. Landscape Capital Management L.L.C. bought a new position in shares of Putnam Premier Income Trust in the fourth quarter worth about $156,000. Wealth Management Solutions LLC bought a new position in Putnam Premier Income Trust during the fourth quarter valued at approximately $52,000. Finally, Shaker Financial Services LLC boosted its stake in Putnam Premier Income Trust by 47.1% during the fourth quarter. Shaker Financial Services LLC now owns 710,940 shares of the investment management company’s stock valued at $3,036,000 after buying an additional 227,597 shares during the last quarter. Institutional investors own 36.45% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of Putnam Premier Income Trust stock opened at $3.97 on Friday. The stock has a 50 day moving average of $3.83 and a 200 day moving average of $3.91. Putnam Premier Income Trust has a 12 month low of $3.69 and a 12 month high of $4.65.

Putnam Premier Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 23rd will be paid a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Thursday, September 22nd.

About Putnam Premier Income Trust

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Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.